AIG Downplays $5B Write-Down; Rating Agencies, Wall Street Concerned

February 12, 2008

  • February 12, 2008 at 2:57 am
    Calif Ex Pat says:
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    So – which is it ? AIG modestly acknowedges that it has maybe ‘misstated’ it’s esposure by a mere 5 billion but Fitch says they are exposed to 505 billion and, of that over 62 billion arises directly from the sub-prime mortgage mess – enquiring minds want to know

  • February 12, 2008 at 3:02 am
    mr. rogers says:
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    They seem to be asleep as usual.

  • February 12, 2008 at 3:05 am
    Media Mogul says:
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    More to come here and at other large insurers–of that we can be certain.

    A. M. Best? Does anyone even listen to them anymore?

  • February 12, 2008 at 3:45 am
    Hal says:
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    Who knows, maybe some asset depletion could do some good in the industry and bring some underwriting and pricing prudence back to the current softening market.

  • February 13, 2008 at 10:39 am
    Shank Steamer says:
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    Here about the German Shepherd who went to work for the DBG? He took the low salary because he wanted to work where he knew he would be treated like a dog.

  • February 13, 2008 at 2:20 am
    jdoe says:
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    Wow… that’s ruff.



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